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South Africa Economic Update: Increasing South Africa's Tertiary Enrollment Requires Rebalancing Resources
January 22, 2019--While South Africa's new education policy aims to equip poor and working-class citizens with the skills needed for today's job market, the latest economic update for the country shows that its implementation could negatively affect the national budget.
Announced in December 2017, the policy offers free tertiary education to 90% of academically eligible students, to meet the national goal of doubling Post School Education and Training (PSET) enrollment by 2030. However, the 12th edition of the South Africa Economic Update: Tertiary Education Enrollments Must Rise, asserts that this will put a strain on the budget, and examines how it can be achieved without compromising education quality and fiscal sustainability.
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Source: World Bank
Rand closes at R13.89/$
January 22, 2019--Emerging currencies are expected to take strain this week; Investec bumps Sibanye shareholding above 5%.
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Source: FIN24
Rand hedges lift the JSE
January 21, 2019--The JSE has managed to close firmer mainly on the back of rand hedge stocks which advanced due to a softer rand.
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Source: FIN24
JSE buoyed by global risk on sentiment
January 18, 2019--JSE tracked other global markets on higher trading as the risk on sentiment persisted.
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Source: FIN24
Rand ends week at R13.79/$
January 18, 2019--The rand lost 0.5% against the greenback on Friday, but still ended the week slightly stronger that it started it on Monday.
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Source: FIN24
Markets WRAP: Rand closes at R13.70/$, while stocks struggle on Brexit developments
January 17, 2019--The rand ended the day at R13.70/$, while British Prime Minister Theresa May is set to face a no-confidence vote in UK Parliament.
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Source: FIN24
African Economic Outlook 2019: Africa growth prospects remain steady, industry should lead growth
January 17, 2019--Africa's general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020. But improved macroeconomic and employment outcomes require industry to lead growth, according to the 2019 African Economic Outlook report, launched today by the African Development Bank.
Published annually since 2003, the African Development Bank's flagship report provides headline numbers on Africa's economic performance and outlook.
The focus of the 2019 report on regional integration for Africa's economic prosperity, highlights integration for trade and economic cooperation and the delivery of regional public goods.
view the African Economic Outlook 2019 Macroeconomic
performance and prospects
Source: African Development Bank Group
JSE closes weaker as retailers flag lower festive season sales
January 17, 2018--Trading updates from Mr Price and Woolworths reflected lower than expected sales volumes during the December holidays.
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Source: FIN24
JSE mildly firmer as global stocks shrug off Brexit vote
January 16, 2019--On the local front there was disappointment as mining production data for November reflected a significant contraction.
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Source: FIN24
Markets WRAP: Rand closes at R13.83/$
January 14, 2018--TreasuryONE's Andre Botha said earlier the jump in the rand could be attributed to a couple of things -one of which was the start of the political parties election manifesto.
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Source: FIN24
